Government Savings Bank Rewards Responsible Borrowers with 0.5% Interest Rate Reduction Through Year-End
Government Savings Bank offers responsible home loan borrowers a 0.5% interest rate reduction for up to eight months through its new "Good Home Payment GSB Discount" program, available for enrollment until December 31, 2025.
Government Savings Bank is promoting financial discipline by offering a 0.5% annual interest rate reduction for up to 8 months to responsible borrowers on home loans, with immediate eligibility confirmation through December 31, 2025. GSB Director Songpol Cheewapaññarot stated the bank aims to strengthen financial discipline among the public by encouraging borrowers to make responsible loan repayments according to contract terms, maintain good credit history, and avoid defaulting on loans that could negatively impact future borrowing and the broader economy. The "Good Home Payment GSB Discount" program targets home loan borrowers who have demonstrated consistent on-time payments over the past three years, with no missed payments in the last 12 months, and have not previously participated in other bank assistance programs. Eligible borrowers receive a 0.5% annual interest rate discount for up to 8 months without submitting new documents, and can verify their eligibility and enroll through the MyMo app from May 1 through December 31, 2025. Customers can contact GSB branches or the GSB Contact Center at 1115 for more information.
